Board of Standards

Providing the SEC with the resources it needs “is the best solution" to the advisor exam problem, says Kevin Keller, but finding a way to ensure advisors face more exam scrutiny—through an SRO or user fees paid to the SEC—will be a “long-term issue.”

A couple of days after announcing that he won’t seek re-election in 2012, Rep. Barney Frank, ranking member on the House Financial Services Committee, told AdvisorOne on Thursday that he “doesn’t like” his committee chairman’s bill calling for an SRO for advisors.